update on 100k pa contribution

Extract from the news,

On other developments, Amir Hamzah said EPF will be announcing the increase of the voluntary contribution limit to RM100,000 in April this year.

“In the previous Budget 2023, which was announced by the former finance minister, an increase of voluntary contribution limit from RM60,000 to RM100,000, was stated but, unfortunately, the budget was not gazetted yet so we would not be able to roll it out.

“But we have received the board’s support that directionally, RM100,000 is the right number and we are now working on a process to legitimise the lifting of that amount,” he added.

link: https://www.malaymail.com/news/malaysia/202...l-savings/57971 , or
KWSP 100K
In nutshell, current limit still 60k. Older PN Budget 2023, PN under pak mail proposed 100K - pending approval by parliment due change of new federal government. New Budget 2023 Unity gov under Anwar didnt mentioned about the max contribution. So, ya, 60k je now

Lolz ..
T20 won't be lurking around in LYN forums...

It's the so called "fake" T20 only....

The fund size doesn’t change because employers and members are still contributing since all economy sectors has been reopened fully since late 2021 🤦‍♀️

More money doesn’t better for EPF in fact worse because they will take lesser risks and not nimble when the fund is getting bigger hence missed opportunities 🤦‍♀️